China says it will "significantly increase" government debt to offer subsidies and to revive economic growth.
Finance Minister Lan Foan says there will be more "counter-cyclical measures" this year.
China faces deflationary pressures due to a sharp property market downturn and frail consumer confidence, which largely relies on exports.
Recent economic data raises concerns that the government's roughly 5% growth target this year is at risk, leading to a long-term structural slowdown.
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